Madison, MN Real Estate
According to census data in the year 2000 there were 883 housing units in Madison.
This represents a 3.6% decline from 916 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 883 were located in what is classified as a rural area.
Homeownership rate in Madison is about 75.2%.
Madison's vacancy rate, including seasonal lodging, is about 10.6%.
Average household size is 2.06 people.
The majority of houses, apartments or condos in Madison were built after 1950.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.70% |
| One Bedroom | 12.10% |
| Two Bedrooms | 27.20% |
| Three Bedrooms | 37.80% |
| Four Bedrooms | 20% |
| Five Bedrooms or more | 2.20% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.25 |
| Median year structure was built | 1945 |
| Median Value of occupied units | $41,700 |
| Median Price asked for vacant units | $21,900 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.47 |
| Median year structure was built | 1962 |
| Median Monthly Rent asked for vacant units | $231 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.40% |
| Second Mortgage | 3.50% |
| Home Equity Loan | 5.50% |
| Simple Mortgage | 33.10% |
| Debt Free | 57.60% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 13% |
